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Banking

Street fighters battle with isolationism

At a time when M&A volumes are rising, a toughening up of the CFIUS could deter foreign companies looking to buy in the US. And that would take a serious chunk out of Wall Street’s fees. Kathryn Tully reports.

Dick Fuld, Lehman Brothers
John Mack, Morgan Stanley
Ken Thompson, Wachovia
Hank Paulson, ex-Goldman Sachs
Stan O'Neal, Merrill Lynch
Concerned bankers: (from top) Dick Fuld, John Mack, Ken Thompson, Hank Paulson and Stan O’Neal

AFTER THE UPROAR in March over the approval given to Dubai company DP World to manage terminal operations at six US ports, many hoped the perceived threat to national security when foreign companies attempted to make acquisitions in the US might fall off the agenda.

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